Volkswagen Financial Services NV (VW)

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Volkswagen Financial Services NV (VW)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	COND	PRCD	VW	Volkswagen Financial Services NV	£300		1	EMEA	May 15, 2023

Tranche #1Volkswagen Financial Services NV

currency

GBP

size (m)

300.000

maturity

May 23, 2029

type

Fixed

tenor

6.000

call

registration

Reg S Only

benchmark

ranking

Sr. Unsecured

moody's

s&p

BBB+

fitch

size description

re-open/tap

ipt

G+215 a

ipt-pxd

guidance

spread

205

coupon

5.875%

spread set

price

99.85900

yield

5.904%

book size (m)

500

peak book (m)

x-covered

1.67

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

500

peak book (m)

x-covered

1.67

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

6 yr: Book size: 500; Registration: Reg S Only; Comments: GBP300m (upsized from GBP250m) 6yr snr unsec bmk RegS. A3/BBB+. Lloyds/NatWest(B&D). IPTs UKT+215 area, set UKT+205 for 250m exp, launch 300m. Books 500m+ (pre-rec, incl 20m JLM). UKT 0.5% Jan 2029 @ 83.347 mid, 83.324 bid (HR 110%). LEI: 529900ZTQC8D1TW6BL41;

Guarantor(s)

Volkswagen Financial Services AG

Use of Proceeds

General Corporate Purposes

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